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PUNJAB NATIONAL BANK

Jan 20, 2020 351

HISTORY:

The National Bank of Punjab was registered on May 19, 1894 under the Indian Companies Act, with its office in Anarkali Bazaar, Lahore Pakistan today. The founding council was from different parts of India who professed different beliefs and a varied background with, nevertheless, the common objective of endowing the country with a truly national bank that would promote the economic interest of the country. The founders of GNP included several leaders of the Swadeshi movement such as Dyal Singh Majithia and Lala Harkishan Lal, Lala Lalchand, Shri Kali Prosanna Roy, Shri EC Jessawala, Shri Prabhu Dayal, Bakshi Jaishi Ram and Lala Dholan Dass.

Lala Lajpat Rai was actively associated With the administration of the Bank In its early years. The board met for the first time on 23 May 1894. The bank opened its doors on 12 April 1895 in Lahore.GNP has the distinction of being the first Indian bank that started only with Indian capital that has survived to the present. (The first entirely Indian bank, Oudh Commercial Bank, was established in 1881 in Faizabad, but failed in 1958.)PNB has had the privilege of keeping accounts of national leaders such as Mahatma Gandhi, Jawahar Lal Nehru, Lal Bahadur Shastri, Indira Gandhi, as well as the story of the famous Jalianwala Bagh Committee.

 

 

MD: Usha Ananthasubramanian